Bulls, Turn Up The Volume!Bulls have been shouting ALL last year, that the Bear market is over.
It's fine. Everything is fine.
Don't think about hyperinflation incoming, or the everything crash around the corner, or credit default swaps going vertical, or multiple banks insolvency, or dollar threatened as global currency, or Fed rates still rising all this year, or layoffs increasing, or personal credit usage rising more, or personal savings non-existent, or discretionary spending decreasing to substance vices only... or all the other things that we can see signaling this is the middle of the bear market, only. Not the end of it.
Almost a year since my last post & I still see many Bulls (mainstream media & social media influencers), urging retail to "buy the dip!" & other nonsense. There have been dips last year, & there will be more this year. You can buy low now, & hold the bag soon, for banks & hedge funds that have counted on you todo for generations.
Or wait until we actually crash first, & then buy at the bottom. Volume doesn't lie & VIX doesn't lie. Only when you see both big & strong, then you will see capitulation.
Hold steady in waiting. You can scalp, or catch the small sideways swings, if you like. But don't fool yourself into thinking now is the time to go long. It's not.
IWV trade ideas
Pennies to Thousands IWV ETF Where We Get Our CandidatesAs you can see all the major indexes are an important resistance.
On weekly: it has resistance at the 50 day.
All our indicators have turned neutral or slightly down.
We will probably have a consolidation or a pullback of a Fibonacci ratio, probably to an important moving average or the cloud.
During these periods we still may have candidates but you will have less of them.
We deal with this on our book ( Pennies to Thousands ) on the chapters of: Money Management and Putting It All Together. Also,on our Youtube videos ( Pennies to Thousands ). We will soon have a website for the special traders community looking for low price growth stocks that can become a multi bagger. We recommend you join for the fellowship of other traders, for our good ideas with entry and exit rules, for our video and audio tapes, to help with the psychology of trading and for our daily market commons like you are reading here.
pendes to thousands iwv updateiwv has passed all important indicators and the next big hurdle is the 200 day moving average,it may hit this area and consolidarte for awhile or it may fly threw like before
On a daily chart: It is above 5 MA and 20 MA, it is above the William´s % R, above the CCI , the daily candlestick is positive, it has an increasing volume , it is above the cloud, above the 50 and 20 MA, it is above the 8 EMA , the RSI that I set to 2 is above the 80 level, the MACD crossed and the PVT is positive.
These type of ideas are mentioned in our book Pennies to Thousands, a whole brain process of picking stocks with left brain indicators and right brain intuition. This book can be picked up for the same cost as a commission on a stock and can be purchased on Amazon or other bookstores. You can also watch our Youtube videos which have different videos on right and left brain activities to choose stock candidates. SUBSCRIBE TO OUR CHANNEL: Pennies to Thousands.